20 AI News and Analyst Ratings You Should Not Miss

10. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38

Arm Holdings plc (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. The CEO of the firm, Rene Haas, recently appeared on news platform CNBC, to highlight the progress of his firm in the AI space. Haas told Mad Money Host and former hedge fund manager Jim Cramer that Arm has had a number of design wins in the data center over the past few years. The company had gained significant market share in the data center recently, he noted. AI workloads that require a huge amount of computing were great for Arm, he added. According to Haas, the company was in a great place going forward.

William Blair recently initiated coverage of Arm Holdings plc (NASDAQ:ARM) stock with an Outperform rating. In a research note, analysts at the advisory noted that Arm was a critical vendor of computing intellectual property with best-in-class financials. The analysts further commented that Arm provided critical computing IP that underpinned more than $200 billion in chip value across the mobile, automotive, internet of things and data center markets, with royalty/licensing revenue model driving best-in-class profitability.